Short Interest in NexPoint Residential Trust, Inc. (NYSE:NXRT) Expands By 29.2%

NexPoint Residential Trust, Inc. (NYSE:NXRT) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 837,739 shares, an increase of 29.2% from the February 26th total of 648,407 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 214,023 shares, the short-interest ratio is currently 3.9 days.

Analyst Ratings Changes

Several brokerages have recently weighed in on NXRT. Wall Street Zen cut shares of NexPoint Residential Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Raymond James Financial restated an “underperform” rating on shares of NexPoint Residential Trust in a research report on Friday, February 27th. Citigroup reaffirmed a “market perform” rating on shares of NexPoint Residential Trust in a report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of NexPoint Residential Trust in a research report on Thursday, January 22nd. Finally, Truist Financial dropped their price target on shares of NexPoint Residential Trust from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $34.75.

NexPoint Residential Trust Stock Performance

NXRT traded up $0.23 during midday trading on Monday, reaching $24.83. The company had a trading volume of 179,040 shares, compared to its average volume of 247,057. The business has a 50-day moving average of $28.35 and a two-hundred day moving average of $30.00. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 5.27. NexPoint Residential Trust has a 1 year low of $23.85 and a 1 year high of $40.78. The company has a market cap of $631.03 million, a P/E ratio of -19.55 and a beta of 1.19.

NexPoint Residential Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.53 per share. The ex-dividend date is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a yield of 8.5%. NexPoint Residential Trust’s dividend payout ratio (DPR) is presently -166.93%.

Insider Buying and Selling at NexPoint Residential Trust

In other news, insider Paul Richards acquired 1,500 shares of NexPoint Residential Trust stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of $24.81 per share, for a total transaction of $37,215.00. Following the completion of the transaction, the insider owned 30,359 shares in the company, valued at $753,206.79. The trade was a 5.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matt Mcgraner bought 2,000 shares of the stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of $24.37 per share, for a total transaction of $48,740.00. Following the acquisition, the insider owned 331,334 shares of the company’s stock, valued at $8,074,609.58. This trade represents a 0.61% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 8,700 shares of company stock valued at $223,777 in the last ninety days. 15.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NexPoint Residential Trust

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of NexPoint Residential Trust by 5.7% in the first quarter. Royal Bank of Canada now owns 54,612 shares of the financial services provider’s stock worth $2,159,000 after purchasing an additional 2,942 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of NexPoint Residential Trust during the 1st quarter valued at $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NexPoint Residential Trust by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,281 shares of the financial services provider’s stock valued at $525,000 after buying an additional 573 shares in the last quarter. Millennium Management LLC boosted its holdings in NexPoint Residential Trust by 15.6% in the 1st quarter. Millennium Management LLC now owns 328,683 shares of the financial services provider’s stock worth $12,993,000 after buying an additional 44,391 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in NexPoint Residential Trust by 5.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,034 shares of the financial services provider’s stock worth $5,219,000 after buying an additional 7,217 shares during the period. Hedge funds and other institutional investors own 76.61% of the company’s stock.

About NexPoint Residential Trust

NexPoint Residential Trust is a real estate investment trust focused on the acquisition, leasing and management of single‐family rental homes across the United States. The company targets suburban and Sun Belt markets with favorable demographic trends, seeking to build a diversified portfolio of standalone residences that serve the growing demand for quality rental housing. By concentrating on professionally managed homes rather than multi‐family apartments, NexPoint Residential Trust aims to offer tenants the benefits of privacy and space, while generating predictable rental income for investors.

The firm’s investment strategy combines direct acquisitions of built single‐family homes with selective joint ventures and partnerships to optimize scale and geographic diversification.